AGP Executive Report
Last update: 4 hours agoMarket Watch: Australian shares rallied as banks and miners led gains, with the ASX poised for a firmer open. Investor Protection: ASIC is seeking to extend trading safeguards to crypto-settled products, as Bitcoin firm Stormrake says bank restrictions are delaying payments across the sector. Banking Competition: Deposit rates are tipped to top 6% as lenders compete for savers, while the government’s credit-card surcharge changes and the ATO’s decision to keep accepting card payments until June 2027 reshape payment costs. IPO Fallout: AI data-centre firm Firmus scrapped its multibillion-dollar ASX float after weak investor demand, a setback for Australia’s public markets and a warning on AI valuations. Housing Finance: A record 82% of Australian home loans now rely on mortgage brokers, as affordability pressures and shifting property forecasts keep borrowers and lenders on alert.
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